New Schwab ETFs Offer Low Operating Expense Ratios
December 11, 2009 (PLANSPONSOR.com) - Charles Schwab Investment Management, Inc. has launched two exchange-traded funds (ETFs) with low operating expense ratios and commission-free online trading in Schwab accounts.
The Schwab U.S. Large-Cap Growth ETF (SCHG) and the
Schwab U.S. Large-Cap Value ETF (SCHV) began trading Friday. According
to a press release, Schwab previously launched other low-cost ETFs — U.S. Broad
Market (SCHB), U.S. Large-Cap (SCHX), U.S. Small-Cap (SCHA), and International
Equity (SCHF) on November 3.
The new ETFs have expense ratios of 0.15%, and like the first four funds, can be bought and sold commission-free online in Schwab
accounts.
Commission-free online trading of Schwab ETFs is
available to individual investors at Schwab, to the more than 6,000 independent
investment advisers who use Schwab’s custodial services, and through Schwab
retirement accounts that permit trading of ETFs.